Numis Securities Downgrades Smiths Group (SMIN) to Reduce

Smiths Group (LON:SMIN) was downgraded by research analysts at Numis Securities to a “reduce” rating in a note issued to investors on Friday. They presently have a GBX 1,380 ($19.07) price target on the stock. Numis Securities’ target price indicates a potential downside of 4.10% from the stock’s current price.

A number of other research firms also recently issued reports on SMIN. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,800 ($24.87) price objective on shares of Smiths Group in a report on Monday, January 15th. Jefferies Group reissued a “hold” rating and issued a GBX 1,575 ($21.76) price objective on shares of Smiths Group in a report on Thursday, February 22nd. Barclays assumed coverage on shares of Smiths Group in a report on Tuesday, February 13th. They issued an “overweight” rating and a GBX 1,800 ($24.87) price objective on the stock. Deutsche Bank reissued a “buy” rating and issued a GBX 1,750 ($24.18) price objective on shares of Smiths Group in a report on Monday, December 4th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a GBX 1,730 ($23.90) price objective on shares of Smiths Group in a report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. Smiths Group presently has an average rating of “Buy” and a consensus price target of GBX 1,719 ($23.75).

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Shares of Smiths Group (LON SMIN) opened at GBX 1,439 ($19.88) on Friday. The stock has a market cap of $6,250.00 and a PE ratio of 1,013.38. Smiths Group has a 1-year low of GBX 1,442 ($19.92) and a 1-year high of GBX 1,697 ($23.45).

Smiths Group (LON:SMIN) last posted its quarterly earnings data on Friday, March 23rd. The company reported GBX 40.40 ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 44.10 ($0.61) by GBX (3.70) (($0.05)). The business had revenue of GBX 154.90 billion during the quarter. Smiths Group had a return on equity of 27.36% and a net margin of 16.17%.

In other news, insider George Buckley purchased 782 shares of the stock in a transaction on Thursday, February 1st. The shares were acquired at an average price of GBX 1,599 ($22.09) per share, with a total value of £12,504.18 ($17,275.74).

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About Smiths Group

Smiths Group plc is a technology company. The Company operates in five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect and Flex-Tek. The John Crane division offers mechanical seals, seal support systems, engineered bearings and power transmission couplings, among others. The Smiths Medical division offers infusion systems, vascular access (including safety needles), patient airway and temperature management equipment, and specialty devices in areas of in vitro fertilization, diagnostics and emergency patient transport.

Analyst Recommendations for Smiths Group (LON:SMIN)

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